Real Estate Investing in West Elizabeth, Pennsylvania (15088)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15088 (West Elizabeth, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.2% of homes vacant — above national norms.
- Declining values: -2.1% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 4.0% in the last year.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in West Elizabeth, PA (15088)?
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Market Analysis: 15088 West Elizabeth
The 15088 ZIP reports an notable value-add profile — below-median pricing at $85K, a renter base of 22%, and room for operational improvement.
ZIP 15088 favors investors with a contractor on speed dial. On the rental side, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $927/mo average.
Across PA, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 15088 reflects both traits clearly.
Household income in 15088 supports the rent-lift thesis. 400 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Experienced operators with contractor networks find 15088 worth a close look for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in West Elizabeth:
Market Trends
Home Value History (with trend line)
📊 How Does 15088 Compare?
| Metric | 15088 | West Elizabeth | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $84,850 | $84,850 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 8.5% | 8.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15088 (West Elizabeth, PA). Anonymous, moderated, never written by AI.
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Property managers serving Allegheny County
Manage rentals here? List your business →Real Property Management Keystone offers property management services in Pittsburgh, PA and surrounding areas. summary from their website
Real Property Management Pittsburgh is a property management company in Pittsburgh, PA. summary from their website
Real Property Management Three Rivers is a property management company in Pittsburgh, PA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $84,850 |
| Monthly Rent | $927 |
| Price-to-Rent | 7.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.1% |
| Cap Rate | 8.5% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | -2.1% ▼ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 15088
Population: 400
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 15088
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Clairton El Sch
Clairton MS/HS
Central El Sch
Elizabeth Forward MS
Elizabeth Forward SHS
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is West Elizabeth in PA worth investing in?
Investors tracking West Elizabeth, PA will find a 4.0/5 rating supported by $85K median home values and $927/mo rents. That profile suits long-term holders targeting reliable returns.
Which real estate strategy fits West Elizabeth, PA?
Investors who focus on value-add and BRRRR deals typically do well in West Elizabeth, PA. The numbers - $85K homes against $927/mo rents - support that play.
How expensive is real estate in West Elizabeth, PA?
Median home price in West Elizabeth, PA is near $85K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Does BRRRR pencil out in West Elizabeth, PA?
Operators BRRRR-ing in West Elizabeth, PA report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
Where do rents currently stand in West Elizabeth, PA?
The typical rental in West Elizabeth, PA commands about $927/mo monthly. That rent profile reliable cash flow against the $85K purchase basis.
You know 15088 now. You don’t know where it ranks.
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How 15088 ranks in Pittsburgh, PA
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